According to Fidelity, in order to have a decent shot at maintaining your standard of living in retirement Opens a New Window. , you should have six to nine times your salary Opens a New Window. tucked away in a 401(k) Opens a New Window. or other accounts by your mid-50s to early 60s. This […]
There has been a great deal of news about the rising cost of college tuition. However, discounts at private colleges and universities are actually on the rise. Private colleges are offering students larger grants relative to tuition prices than ever before, according to a new analysis by the National Association of College and University Business […]
Retirement can be a tricky subject, and there are so many questions to ask yourself as you’re drafting your retirement plans. How much should you save? How will Social Security benefits factor into your retirement budget? Are you taking healthcare costs into account? For many people, though, one of the most important questions is this: […]
Social Security Opens a New Window. can be an important part of a diversified retirement plan, as long as individuals understand the program and its benefits Opens a New Window. . According to a recent survey, the average age current retirees began collecting was 62. However, most future retirees expected to begin collecting at 65. […]
As the U.S. economyOpens a New Window. strengthens – about a decade into an economic expansion – some Americans are seeing one very important three-digit number climb higher: their credit scoresOpens a New Window.. The average FICO credit score reached 704 last year, according to a report released by the scoring company in September, notching an all-time high. […]
Ten thousand Americans retire every day. And they do it in 10,000 different ways. With such infinite possibility comes boundless anxiety, which is why no financial rite of passage inspires more hope — or dread — than retirement. What does retirement even mean in 2019? To many, it still marks the beginning of the end […]
Retirement ain’t all it’s cracked up to be. In fact, if they’re not careful, a lot of folks will crack once they retire. Perhaps no other stage of life triggers such intense feelings of excitement and liberation, on the one hand, but, on the other, fear and anxiety. Retirement for many entails a leap of […]
There is no shortage of personal finance advice. It seems like for every American living paycheck to paycheck, there is a blog post, book, video, or online course that purports to have the secret to freedom from financial worries. There are even whole movements dedicated to personal finance. (The FIRE movement, which stands for “financial independence, […]
Missing more than one paycheck is a one-way ticket to financial hardship for nearly half of the country’s workforce. A new study from NORC at the University of Chicago, an independent social research institution, found that 51% of working adults in the United States would need to access savings to cover necessities if they missed […]
When it comes to putting a ring on it, younger generations are saying yes, but for less. Two-thirds of younger Americans — Generation Z and young millennials — think an engagement ring should cost less than $2,500, according to a new survey from TD Ameritrade. That is about half of the national average. The average […]
Let’s face it: Saving money isn’t the easiest thing to do. It’s also something many Americans struggle with, as evidenced by the fact that 40% don’t have cash in savings to cover a mere $400 emergency. If you’ve been having a hard time socking money away, you shouldn’t let your past failures drive you to give […]
Money can be complex and intimidating, no matter how much or how little you have. If you’ve considered seeking professional financial help but don’t know where to start, first identify exactly what it is you want to accomplish. Do you want to start investing or invest more money? Do you want to know how much […]
